According to The Hollywood Reporter, Renner has set up his own production firm called The Combine. The company's first project will be a biopic on actor Steve McQueen, with Renner portraying the Magnificent Seven star.

Writer-director James Gray has been hired to write the McQueen screenplay, which is expected to be based on two biographies on the legendary actor - Portrait of an American Rebel and The Life and Legend of a Hollywood Icon.

McQueen is an award-winning actor for his role in the film The Sand Pebbles. He also starred in The Great Escape, The Thomas Crown Affair and The Towering Inferno. McQueen's grandson Steven R. McQueen currently stars on The Vampire Diaries as Jeremy Gilbert.